Important message from the Institute and Faculty of Actuaries about your CPD record

When did you last update your CPD record?  Will you be compliant by 31 July deadline? Please read the notes below for important advice regarding the current CPD reporting year :

Members in Category 2 are reminded that:

•the current CPD year ends on 30 June 2012; and

•the deadline for completing your on-line CPD record for the current period is Tuesday 31 July 2012.

No changes to CPD records will be possible after this date so, in order to be compliant for the current period, it is important that you log in and complete your record by close of play on 31 July.

No central monitoring of CPD records

During the previous reporting period (2010-2011), CPD requirements changed significantly; as a result of these changes, the Profession found that many CPD records were inadequately completed.  In recognition of the extent of the changes, the CPD team carried out a monitoring exercise and, where necessary, corrected inaccurate or inadequate reporting to bring records up to date.

In May 2012, the Profession transferred all member records to a new member database; as a result, for this and for all future CPD reporting periods, no central correction of inaccurate CPD reporting will be possible.  It is therefore stressed that this is now the responsibility of each member to ensure that their record is correctly completed by the 31 July deadline.

To help you, personal reminders will be issued in July, and further information about recording CPD can be found in the CPD area of the website.

Changes to the CPD recording pages/Verifiable CPD

Following the introduction of the Profession’s new membership database, next time you access your online CPD record you will see some small changes to the CPD recording pages.  These are designed to make CPD recording easier and more accurate: for example, you will be able to distinguish more easily between internal and external CPD events.

You will also find that the tick box which indicated whether a CPD activity was verifiable or non verifiable is no longer available.  Members are reminded that all CPD is verifiable; verification for ‘Private Study’ is indicated by completion of the ‘Learning outcome’ in your CPD record.  Please make sure that you complete this box when entering new records.

Partially regulated members

For partially regulated members, the introduction of the new database means that CPD can no longer be recorded on the Profession’s system.  Partially regulated members should now use their own regulator’s system to record their CPD.

 

Further information

Further information about your CPD requirements, please visit the following web pages:

•CPD Scheme 2011-2012

•Frequently asked questions

For further assistance please contact:  cpd_feedback@actuaries.org.uk

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s